US EditionUS first-quarter auto sales get a lift from looming Trump tariffs
- Ford reported a 19% increase in retail sales in March compared to last year, while GM sales rose nearly 17%.
- Industry analysts warned that Trump's tariffs could increase new car prices by $4,000 to $12,000 and devastate profits for major car manufacturers, including GM and Ford.
- Hyundai's CEO stated that customers rushed to buy cars ahead of the tariff implementation, making March one of their best sales months ever.
205 Articles
205 Articles
Winnipeg dealerships see spike in vehicle sales ahead of U.S. auto tariffs
A Winnipeg auto dealer and an industry expert both say there's been a surge in demand for vehicles ahead of U.S. President Donald Trump's Wednesday announcement that sweeping tariffs, including a 25 per cent levy on the Canadian automotive sector, are coming into effect.
Automakers prepare for President Trump's tariffs
Many U.S. auto dealers saw a mini buying boom at the end of March in anticipation of a 25% tariff on foreign made cars. Now, car dealers are trying to figure out what this is going to look like for customers who walk into the showroom, said Rob Smith, President Of Montgomery County-based Fitzgerald Auto Mall. News4 spoke to him by phone. “Got about 15 different brands that we’ve got to keep track of,” Smith said. “Some of them have said they mig…
In a post on X, Prime Minister Ulf Kristersson (M) calls the US tariff decision deeply regrettable. Minister of Foreign Trade Benjamin Dousa believes that “the US is greatly escalating the situation.” At the same time, the Prime Minister claims that Sweden is prepared.
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